Friday, January 30, 2009

Volkswagen Financial Services AG founds subsidiary in India

Volkswagen Finance Pvt. Ltd. opens for business  

Provision of Financial Services products for dealers and customers


Mumbai, January 2009: Volkswagen Financial Services AG (VWFSAG) has founded a wholly-owned subsidiary in India, Volkswagen Finance Pvt. Ltd., with effect from 16 January 2009. The company has its headquarters in Mumbai. 

With the foundation of the Indian company, Volkswagen Financial Service Providers are now in a position to offer both dealers and end customers their financial services products. This offer applies specifically to the Group brands Volkswagen, Volkswagen Commercial Vehicles, Audi and Škoda. Volkswagen Finance Pvt. Ltd. will also support these Group brands further through the important development and expansion of the Indian dealer network. 

Volkswagen Finance Pvt. Ltd. will conclude cooperation agreements with Indian financial institutions and insurance companies with a view to realising efficient market penetration.


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